Subheading
TBC Bank Uzbekistan secures $37 million from TBC Group, setting a new annual record for 2024.
Highlights
- Record Funding: TBC Bank Uzbekistan raises $37 million, bringing total new equity funding to $75 million in 2024.
- Strategic Growth: The investment will fuel further development and innovation in Uzbekistan’s largest digital bank.
- Expanded Services: TBC Uzbekistan plans to enhance its product suite and expand its customer base.
TBC Bank Uzbekistan, the country’s largest digital bank, has announced a $37 million equity investment from its majority shareholder, London-listed TBC Bank Group PLC (TBC Group). This funding brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.
The investment will be used to further develop and innovate the bank’s services, aiming to enhance its product suite and expand its customer base. With 17 million unique registered users, TBC Uzbekistan is well-positioned to continue its growth trajectory and solidify its position as the leading digital banking ecosystem in Central Asia.
